Bean Cash (BITB) Live Price Chart & History

Price USD 2.82%
$0.003034
Price BTC
0.00000047
Volatility (7d)
@volatility_7d %
Volatility (30d)
@volatility_30d %
Market Cap USD
$7.9M
Market Share
Live BITB / USD Price Chart

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Since launching at $4.82782E-5 on 18/02/2015 Bean Cash has achieved a price of $0.0030335923, rising 7.06% in the last week alone.

Bean Cash Price Analysis: Predictions and Forecasts

Why buy Bean Cash? What is it used for?

Bean Cash (Ticker: BEAN) is a re-brand of the digital currency and network, previously known as BitBean (Ticker: BITB). The BitBean block chain and network began nearly 3 years ago on February 13th., 2015. It was the first 'crypto-currency' to implement a maximum of 20MB block sizes, based on Gavin Andersen's proposals to fix Bitcoin's scalability limitations. BitBean was also the first 'crypto-currency' to pioneer the use of static block rewards in a Proof of Bean (PoB) system -- which now makes energy wasting PoW (Proof of Work) systems, inefficient, expensive and archaic!.. Bean Cash builds upon Satoshi's vision for a ""Peer-to-Peer Electronic Cash System"", as laid out in the Bitcoin whitepaper. When studying the history of Satoshi and Bitcoin, we can discover that it was always Satoshi's intention to lift the block size limit above 1MB in order to scale on-chain as needed -- to meet the demands of adoption. In keeping with Satoshi's vision, BitBean started nearly 3 years ago already with 20MB maximum block sizes. This is 20 times bigger than Bitcoin Segwit's (Ticker: BTC) maximum block size. Combined with a target block time of 60 seconds, Bean Cash is already positioned, to handle over 1,300 transactions per second, allowing it to compete with comparable payment systems such as Paypal. BitBean's Proof of Stake is different from other PoS crypto currencies. BitBean requires 6 hours for beans to mature before they are eligible to stake a block. In addition, unlike other PoS crypto currencies, BitBean creates new blocks using a similar approach as PoW crypto currencies. Blocks which are found are static blocks similar to PoW. Each PoS block reward is 1,000 virtual beans. This is a much better form of proof of stake than determining rewards based on a percentage basis. Crypto currencies are supposed to be a payment system. BitBean's PoS encourages people to actually process transactions instead of hoarding their coins. Hoarding coins and only processing transactions rarely to collect an interest payment, does not make for a good payment transaction network.
Bean Cash was launched in 18/02/2015. It uses the Proof of stake method of consensus, and is based on the SHA256 algorithm. Bean Cash's goals include Scalability, speed, lightning fast transactions. First cryptocurrency to implement 20MB blocks..

Will the price Bean Cash fall continue to rise?

It's impossible to predict for sure if Bean Cash is due for a crash or is headed to the moon, but this is what we do know:

  • In the past 7 days Bean Cash has risen by 7.06%
  • In the past month it has lost -1.131294656368%
  • In total it has appreciated by $0.0029853141 since its inception, a change of 6,283.57%

Can Bean Cash reach, replace, pass or overtake bitcoin?

At present Bean Cash is trading at 0.00000047 BTC. In order to reach Bitcoin's current price of $15000 USD it would need to grow by 212,765,957.4%. If we assume Bean Cash continued to as it has in the last month - with a price change of -1.13% it would take -112.89764361712 years just to reach Bitcoin's current price. To overtake bitcoin will take longer.

Price Targets:

If you're wondering if the price of BITB is going to take off and increase in price to a higher level we've done the math for you.
In order for Bean Cash to reach $0.05 it needs to increase in price by a factor of 16.48x. Given its present growth rate of -1.13% per month, it could take just 1.1 years to hit a price target of $0.05 USD

What is the probability of hitting $0.05 over time?

Time periodChance final price > $0.05Chance final price < $0.05
1 week0%100%
1 month0%100%
3 months0%100%
6 months0%100%
1 year0%100%
2 years0%100%
3 years0%100%
4 years0%100%
5 years0%100%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for Bean Cash to reach $0.10 it needs to increase in price by a factor of 32.96x. Given its present growth rate of -1.13% per month, it could take just 1.4 years to hit a price target of $0.1 USD

What is the probability of hitting $0.10 over time?

Time periodChance final price > $0.1Chance final price < $0.1
1 week0%100%
1 month0%100%
3 months0%100%
6 months0%100%
1 year0%100%
2 years0%100%
3 years0%100%
4 years0%100%
5 years0%100%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for Bean Cash to reach $0.20 it needs to increase in price by a factor of 65.93x. Given its present growth rate of -1.13% per month, it could take just 1.7 years to hit a price target of $0.2 USD

What is the probability of hitting $0.20 over time?

Time periodChance final price > $0.2Chance final price < $0.2
1 week0%100%
1 month0%100%
3 months0%100%
6 months0%100%
1 year0%100%
2 years0%100%
3 years0%100%
4 years0%100%
5 years0%100%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for Bean Cash to reach $0.25 it needs to increase in price by a factor of 82.41x. Given its present growth rate of -1.13% per month, it could take just 1.8 years to hit a price target of $0.25 USD

What is the probability of hitting $0.25 over time?

Time periodChance final price > $0.25Chance final price < $0.25
1 week0%100%
1 month0%100%
3 months0%100%
6 months0%100%
1 year0%100%
2 years0%100%
3 years0%100%
4 years0%100%
5 years0%100%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for Bean Cash to reach $0.50 it needs to increase in price by a factor of 164.82x. Given its present growth rate of -1.13% per month, it could take just 2.1 years to hit a price target of $0.5 USD

What is the probability of hitting $0.50 over time?

Time periodChance final price > $0.5Chance final price < $0.5
1 week0%100%
1 month0%100%
3 months0%100%
6 months0%100%
1 year0%100%
2 years0%100%
3 years0%100%
4 years0%100%
5 years0%100%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for Bean Cash to reach $1.00 it needs to increase in price by a factor of 329.64x. Given its present growth rate of -1.13% per month, it could take just 2.3 years to hit a price target of $1 USD

What is the probability of hitting $1.00 over time?

Time periodChance final price > $1Chance final price < $1
1 week0%100%
1 month0%100%
3 months0%100%
6 months0%100%
1 year0%100%
2 years0%100%
3 years0%100%
4 years0%100%
5 years0%100%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for Bean Cash to reach $5.00 it needs to increase in price by a factor of 1,648.21x. Given its present growth rate of -1.13% per month, it could take just 3.0 years to hit a price target of $5 USD

What is the probability of hitting $5.00 over time?

Time periodChance final price > $5Chance final price < $5
1 week0%100%
1 month0%100%
3 months0%100%
6 months0%100%
1 year0%100%
2 years0%100%
3 years0%100%
4 years0%100%
5 years0%100%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for Bean Cash to reach $10.00 it needs to increase in price by a factor of 3,296.42x. Given its present growth rate of -1.13% per month, it could take just 3.3 years to hit a price target of $10 USD

What is the probability of hitting $10.00 over time?

Time periodChance final price > $10Chance final price < $10
1 week0%100%
1 month0%100%
3 months0%100%
6 months0%100%
1 year0%100%
2 years0%100%
3 years0%100%
4 years0%100%
5 years0%100%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for Bean Cash to reach $15.00 it needs to increase in price by a factor of 4,944.63x. Given its present growth rate of -1.13% per month, it could take just 3.4 years to hit a price target of $15 USD

What is the probability of hitting $15.00 over time?

Time periodChance final price > $15Chance final price < $15
1 week0%100%
1 month0%100%
3 months0%100%
6 months0%100%
1 year0%100%
2 years0%100%
3 years0%100%
4 years0%100%
5 years0%100%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy

Is Bean Cash a good investment? Is it safe to put my money into BITB?

No, it is not a 'good investment' to buy Bean Cash, and given the market volatility it is certainly not safe either. We would urge you to not to consider buying or trading Bean Cash as an investment but purely speculation.

It is certainly possible to profit from an increase in the value of BITB - and if you short the coin you might even profit from a crash in the market.

However with so much uncertainty in the market the best you can do is make an educated guess as to the direction of the price or the mood of the market. If you're not informed on the fundamentals that's pretty close to a gamble.

Remember, your capital is at risk.. Trading conditions can change at any time without prior notice. Buying, holding or trading is a high risk activity that may incur significant losses over a short period of time

Market Sentiment

How popular is Bean Cash? Interest Over Time

Where is Bean Cash most popular?

Bean Cash Development + Team

There are @research_team_dev_size developers coding the source behind Bean Cash There are no sales or marketing staff on the team which could impede the coin's growth.

Bean Cash doesn't publish bios or social profiles of their team members, making it harder to understand who is behind the project.

The team is not active on the social media channels, which can be a troubling sign. Their blog is updated regularly with news and information on Bean Cash's development

.

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